Lazard Equity Megatrends ETF (NASDAQ:THMZ) Trading 0.4% Higher – Should You Buy?

Lazard Equity Megatrends ETF (NASDAQ:THMZ) shares shot up 0.4% during mid-day trading on Tuesday . The company traded as high as $32.50 and last traded at $32.49. 5,093 shares changed hands during mid-day trading, an increase of 633% from the average session volume of 695 shares. The stock had previously closed at $32.35.

Lazard Equity Megatrends ETF Trading Up 0.4%

The firm has a fifty day moving average price of $31.92 and a 200 day moving average price of $30.63. The firm has a market cap of $41.26 million, a PE ratio of 31.61 and a beta of 1.24.

Hedge Funds Weigh In On Lazard Equity Megatrends ETF

An institutional investor recently bought a new position in Lazard Equity Megatrends ETF stock. Lazard Asset Management LLC purchased a new stake in Lazard Equity Megatrends ETF (NASDAQ:THMZ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,170,000 shares of the company’s stock, valued at approximately $35,389,000. Lazard Asset Management LLC owned 97.50% of Lazard Equity Megatrends ETF at the end of the most recent reporting period.

About Lazard Equity Megatrends ETF

The Lazard Equity Megatrends ETF (THMZ) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking long-term capital appreciation through investments in global companies of any market capitalization. The funds selection process aims to identify global megatrends and themes that are likely to shape the future.